| | | Once golden, Robert Rubin's hedge fund proteges lose some luster | | | BOSTON/NEW YORK (Reuters) - Learning to invest on Goldman Sachs' risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund protégés who mastered their trade under the former Wall Street star and U.S. Treasury Secretary have stumbled in recent years. |
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| | | Hedge fund manager Eric Mindich shuts down Eton Park | | | BOSTON (Reuters) - Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. Now the fund is being shut down, becoming the year's most prominent casualty in an increasingly tough trading and fund raising environment. |
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| | | How Thrivent hopes to grow beyond its base of religious investors | | | NEW YORK (Reuters) - Little-known Thrivent Financial, a Minneapolis-based asset manager that offers financial services to Lutherans, is hoping its recent streak of outperformance will make it stand apart at a time when steep investor outflows are prompting a wave of mergers throughout the mutual fund industry. |
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| | | For Goldman Sachs, a rare pass from shareholder resolutions | | | NEW YORK/BOSTON (Reuters) - For the first time in more than a decade, Goldman Sachs Group Inc has managed to avoid any proxy battles with activist shareholders by convincing investors and securities regulators that voting on several proposed corporate policy changes were unnecessary. |
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| | | Acting SEC chair plans test to lower exchange fees | | | WASHINGTON (Reuters) - The acting head of the U.S. Securities and Exchange Commission has directed the regulator to launch a pilot plan that would test how the market would be affected if exchanges lowered the fees they charge brokers to execute trades. |
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| U.S. fund investors pull back from 'Trump trade' | | | NEW YORK (Reuters) - Investors eased off from "Trump trade" bets during the latest week, snatching the most money from bank sector funds in more than a year and stockpiling bonds, Lipper data for U.S.-based funds showed on Thursday. |
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